Schlumberger Limited. (NYSE:SLB) – Stock analysts at Jefferies Group decreased their Q1 2018 earnings per share estimates for shares of Schlumberger in a research note issued to investors on Monday. Jefferies Group analyst B. Handler now expects that the oil and gas company will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.41. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Schlumberger’s Q2 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.05 EPS and FY2020 earnings at $4.80 EPS.

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Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the stock. Atlantic Securities upgraded shares of Schlumberger from a “neutral” rating to an “overweight” rating in a research report on Monday. B. Riley restated a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Schlumberger in a research report on Monday. UBS Group set a $95.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday. Loop Capital restated a “buy” rating and issued a $82.00 price target (up previously from $77.00) on shares of Schlumberger in a research report on Monday. Finally, Credit Suisse Group restated a “buy” rating and issued a $86.00 price target (up previously from $71.00) on shares of Schlumberger in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $82.18.

Shares of Schlumberger (NYSE:SLB) opened at $79.79 on Tuesday. Schlumberger has a 1 year low of $61.02 and a 1 year high of $86.05. The firm has a market cap of $110,530.00, a price-to-earnings ratio of -73.20, a P/E/G ratio of 5.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 1.20.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Argus Investors Counsel Inc. grew its holdings in shares of Schlumberger by 9.8% in the fourth quarter. Argus Investors Counsel Inc. now owns 55,815 shares of the oil and gas company’s stock worth $3,761,000 after purchasing an additional 4,991 shares during the last quarter. Cornerstone Financial Partners LLC grew its holdings in shares of Schlumberger by 8.8% in the fourth quarter. Cornerstone Financial Partners LLC now owns 51,774 shares of the oil and gas company’s stock worth $3,484,000 after purchasing an additional 4,175 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in Schlumberger by 134.6% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 16,526 shares of the oil and gas company’s stock worth $1,114,000 after acquiring an additional 9,482 shares during the period. Round Table Services LLC purchased a new stake in Schlumberger in the fourth quarter worth about $265,000. Finally, Viking Fund Management LLC lifted its stake in Schlumberger by 5.5% in the fourth quarter. Viking Fund Management LLC now owns 206,700 shares of the oil and gas company’s stock worth $13,930,000 after acquiring an additional 10,750 shares during the period. Hedge funds and other institutional investors own 79.29% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is presently -183.49%.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.